Company Reports Record First Quarter Revenue of $1.2 Billion

Strong Operating Environment Results in an Increase of Full Year Guidance

Norwegian Joy, Custom-Built Ship for China, Joins Fleet

MIAMI, May 10, 2017 (GLOBE NEWSWIRE) -- Norwegian Cruise Line Holdings Ltd. (Nasdaq:NCLH) (together with NCL Corporation Ltd., "Norwegian Cruise Line Holdings", "Norwegian" or the "Company,") today reported financial results for the first quarter ended March 31, 2017, and provided guidance for the second quarter and full year 2017.

Highlights
  • The Company generated GAAP net income of $61.9 million or EPS of $0.27 compared to $73.2 million or $0.32 in the prior year.  Adjusted Net Income was $91.2 million or Adjusted EPS of $0.40 compared to $86.7 million or $0.38 in the prior year.
  • Total revenue increased 6.8% to $1.2 billion. Gross Yield increased 5.7%.  Adjusted Net Yield increased 5.5% on a Constant Currency basis.
  • 2017 full year Adjusted Net Yield growth guidance on a Constant Currency basis increased 100 basis points to 2.75%.
  • The Company expects to generate record earnings for full year 2017 and has increased its outlook, with Adjusted EPS now expected to be in the range of $3.79 to $3.89.

"2017 is off to a solid start with strong first quarter results which include record revenue of $1.2 billion for the quarter," said Frank Del Rio, president and chief executive officer of Norwegian Cruise Line Holdings Ltd.  "The operating environment has remained favorable with strong close-in demand for Caribbean sailings and strength in onboard revenue driving topline growth above expectations," continued Del Rio.

First Quarter 2017 Results

GAAP net income was $61.9 million or EPS of $0.27 compared to $73.2 million or $0.32 in the prior year.  The Company generated Adjusted Net Income of $91.2 million or Adjusted EPS of $0.40 compared to $86.7 million or $0.38 in the prior year.

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